Rakuten Investment Management Inc. Makes New $2.73 Million Investment in Lattice Semiconductor Corporation $LSCC

Key Points

• Rakuten Investment Management initiated a $2.73 million stake in Lattice Semiconductor, buying 21,782 shares in the third quarter; institutional investors collectively own 98.08% of the stock.
• Lattice reported quarterly EPS of $0.72, beating the $0.55 consensus, while revenue of $291 million exceeded estimates and rose 118.3% year over year.
• Analysts maintain a consensus Buy rating with an average price target of $166.82; CEO Ford Tamer also bought 9,790 shares, while insiders overall sold shares in the past 90 days.

Rakuten Investment Management Inc. purchased a new stake in Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) during the third quarter, according to its most recent filing with the SEC. The fund purchased 21,782 shares of the semiconductor company's stock, valued at approximately $2,733,000.

Other hedge funds have also bought and sold shares of the company. HB Wealth Management LLC grew its position in shares of Lattice Semiconductor by 3.7% during the first quarter. HB Wealth Management LLC now owns 3,335 shares of the semiconductor company's stock valued at $309,000 after purchasing an additional 119 shares in the last quarter. Signature Equity Partners LLC increased its holdings in shares of Lattice Semiconductor by 160.5% in the third quarter. Signature Equity Partners LLC now owns 211 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 130 shares during the last quarter. Evergreen Capital Management LLC increased its holdings in shares of Lattice Semiconductor by 3.4% in the third quarter. Evergreen Capital Management LLC now owns 4,225 shares of the semiconductor company's stock worth $531,000 after purchasing an additional 137 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Lattice Semiconductor by 10.1% in the first quarter. Parallel Advisors LLC now owns 1,963 shares of the semiconductor company's stock worth $182,000 after buying an additional 180 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Lattice Semiconductor by 53.5% in the second quarter. Versant Capital Management Inc now owns 531 shares of the semiconductor company's stock worth $81,000 after buying an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company's stock.

Insider Buying and Selling

In other news, SVP Tracy Feanny sold 1,880 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $126.43, for a total transaction of $237,688.40. Following the transaction, the senior vice president owned 60,221 shares of the company's stock, valued at approximately $7,613,741.03. The trade was a 3.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ford Tamer purchased 9,790 shares of the firm's stock in a transaction that occurred on Wednesday, November 4th. The shares were bought at an average price of $102.52 per share, for a total transaction of $1,003,670.80. Following the acquisition, the chief executive officer directly owned 19,790 shares in the company, valued at $2,028,870.80. This trade represents a 97.90% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 19,661 shares of company stock worth $2,587,259 in the last 90 days. Company insiders own 0.62% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on LSCC. Wall Street Zen lowered Lattice Semiconductor from a "strong-buy" rating to a "buy" rating in a research note on Sunday, October 18th. Jefferies Financial Group lifted their price objective on Lattice Semiconductor from $145.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Lattice Semiconductor in a research note on Thursday, October 15th. Royal Bank Of Canada upped their price objective on Lattice Semiconductor from $140.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. Finally, Rosenblatt Securities increased their target price on Lattice Semiconductor from $175.00 to $200.00 and gave the company a "buy" rating in a research report on Tuesday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $166.82.

Lattice Semiconductor Stock Performance

Lattice Semiconductor stock opened at $105.02 on Friday. The company has a market cap of $14.94 billion, a PE ratio of 328.20, a price-to-earnings-growth ratio of 1.57 and a beta of 1.90. Lattice Semiconductor Corporation has a twelve month low of $60.50 and a twelve month high of $157.01. The company has a quick ratio of 2.33, a current ratio of 1.92 and a debt-to-equity ratio of 0.61. The company's 50-day moving average price is $113.79 and its 200-day moving average price is $115.82.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its quarterly earnings data on Monday, November 2nd. The semiconductor company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.17. Lattice Semiconductor had a return on equity of 14.94% and a net margin of 5.53%. The company had revenue of $291.04 million for the quarter, compared to analysts' expectations of $255.90 million. During the same period in the previous year, the firm posted $0.28 earnings per share. The firm's revenue for the quarter was up 118.3% on a year-over-year basis. On average, equities research analysts forecast that Lattice Semiconductor Corporation will post 1.31 EPS for the current fiscal year.

Lattice Semiconductor Profile

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